Morgan Stanley Asia-Pacific Fund, Inc. APF announced
today that, in accordance with its tender offer for up to 1,084,594 of its
issued and outstanding shares of common stock, which expired on November 14,
2011, the Fund has accepted 1,084,594 shares for payment on November 22, 2011
at $16.32 per share, which is equal to 98 percent of the Fund's net asset
value per share as of the close of regular trading on the New York Stock
Exchange on November 15, 2011. The 1,084,594 shares represent 5 percent of the
Fund's outstanding shares. A total of 11,026,230 shares were properly tendered
and not withdrawn by November 14, 2011, the final date for withdrawals.
Therefore, on a pro rated basis, approximately 9.05 percent of the shares so
tendered by each tendering stockholder have been accepted for payment.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in